PulteGroup Rating Increased to Buy at Guggenheim (PHM)

By admin | 6 years ago

PulteGroup (NYSE: PHM) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Monday.

PulteGroup traded up 0.84% on Monday, hitting $9.64. PulteGroup has a 1-year low of $3.29 and a 1-year high of $10.15. The company’s market cap is $3.698 billion.

PulteGroup last released its earnings data on Thursday, April 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that PulteGroup will post $0.12 EPS next quarter.

A number of other analysts have also recently weighed in on PHM. Analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note to investors on Friday, April 27th. They now have a $10.00 price target on the stock. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of PulteGroup in a research note to investors on Tuesday, April 24th. Finally, analysts at Raymond James (NYSE: RJF) upgraded shares of PulteGroup from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, April 16th.

Pulte Homes, Inc. (Pulte Homes) is a holding company whose subsidiaries engage in the homebuilding and financial services businesses.

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